Summary
- Attessa Capital LLC acquired 2,703 Tesla shares in Q4 of 2024
- Tesla makes up 0.7% of Attessa Capital’s holdings
- Other institutional investors also bought Tesla shares in the same quarter
- Tesla has an average rating of "Hold" with a consensus target price of $326.50
- Some believe Elon Musk’s political influence could affect Tesla’s global sales
Article
In the fourth quarter of 2024, investment firm Attessa Capital LLC acquired a new stake in Tesla, purchasing 2,703 TSLA shares valued at approximately $1,092,000. This investment accounts for 0.7% of Attessa Capital’s holdings, making Tesla its 19th largest holding. Other institutional investors also bought Tesla shares during the same period, with World Investment Advisors LLC increasing its stake in TSLA by 1,248.9% in Q3 2024.
Despite the controversy surrounding Elon Musk and his political opinions, Tesla has maintained its appeal to investors. MarketBeat data shows that Tesla has an average rating of “Hold” from Wall Street analysts, with a consensus target price of $326.50. In the past, Musk’s comments have had significant impacts on Tesla’s stock price, but the company has since grown beyond that level of vulnerability.
While some reports suggest that Musk’s political influence could impact Tesla’s global sales, there may not be as direct a correlation between Elon Musk’s opinions and Tesla’s sales as there once was. Many Tesla customers and retail investors have voiced their disagreement with Musk’s recent political moves, but this has not deterred institutional investors like Attessa Capital from investing in the company.
Tesla’s ability to attract new investors despite the controversies surrounding its CEO highlights the strength of the company and its market position. The fact that Attessa Capital, a reputable investment adviser firm, has decided to acquire a stake in Tesla speaks to the confidence that some investors still have in the company’s long-term growth prospects. The ongoing support from institutional investors like Attessa Capital demonstrates that Tesla remains an attractive investment opportunity for many despite the challenges it may face.
As Tesla continues to navigate the complexities of the global market and the challenges posed by Elon Musk’s public persona, the company remains resilient in its pursuit of innovation and sustainability. With new investors like Attessa Capital coming on board, Tesla’s future looks promising in spite of the criticisms and controversies that surround it. As the company moves forward, it will be interesting to see how it continues to evolve and adapt to the changing landscape of the automotive and tech industries.
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